Learn what took place during an NY Senate hearing, and why being delisted is actually good for BSV
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| |  | | | | THIS WEEK'S TOP HEADLINES | |  | Two startup founders aim to solve social problems with blockchain-based solutions | WHAT'S GOING ON HERE? | On this week's CoinGeek Conversations, Lionel Bernard talks about Wleepay, a startup that provides access to traditional financial services to the unbanked population in Africa. Meanwhile, Artur Lucyk's blockchain-based platform Repolify aims to "revitalize democracy," allowing users to see updates on existing laws, new and pending bills, and other government developments. | WHAT DOES THAT MEAN? | Banks in Africa are scarce and target only high-end customers, Bernard says, and Wleepay aims to change this by offering mobile financial services at much lower fees than competitors. Meanwhile, Repolify allows users to access names of politicians in charge of government projects, which, in turn, can help voters make informed choices come election day. | WHY SHOULD I CARE? | The two startup founders are part of the latest Block Dojo cohort, a 12-week London incubator course where businesses are developed and pitched to potential investors. Both companies reflect the growing trend of creating a positive social impact through entrepreneurship and financial and political inclusion with blockchain-powered solutions. | WATCH THIS WEEK'S EPISODE | | | ADVERTISEMENT |  | | |  | NY Senate banking committee: Blockchain's reputation damaged by lack of regulation | WHAT'S GOING ON HERE? | The New York Senate Banking Committee recently held a hearing to discuss the risks and benefits of blockchain technology, mainly regarding financial regulation and environmental concerns. Bryan Daugherty, BSV Blockchain Association Global Public Policy Director, testified before the Committee and stressed that it's crucial to distinguish between digital assets and blockchain technology. | WHAT DOES THAT MEAN? | The panel focused on blockchain's environmental impact. Daugherty said that a scalable proof-of-work blockchain like Bitcoin was the only way to realize the technology's true potential. He highlighted the distinctions between BSV and other protocols like BTC and Ethereum, which still has limited ability to scale despite its switch to proof-of-stake. | WHY SHOULD I CARE? | Some panelists called for clearer guidelines to differentiate between legitimate blockchain projects and scams. Peter Marton, Deputy Superintendent of Virtual Currency at the New York Department of Financial Services said there isn't much need for additional rules. However, the situation would be better if digital asset businesses followed existing financial rules without trying to skirt them. | READ MORE | | |  | BSV delisting unleashes its true power—here's why | WHAT'S GOING ON HERE? | The delisting of Bitcoin SV (BSV) from several major digital currency exchanges, including Binance and Kraken, will allow it to focus on its potential as a digital cash system with real-world applications and be less influenced by speculation. | WHAT DOES THAT MEAN? | The move to unshackle BSV from speculation unleashes its true power and potential as an enterprise blockchain platform. BSV's focus on stability, scalability, and regulatory compliance, along with its commitment to enterprise adoption and real-world use cases, will make it a crucial player in the blockchain industry in the coming years. | WHY SHOULD I CARE? | As more businesses and individuals adopt BSV for everyday transactions, its value will increase organically based on utility and adoption. By developing a thriving BSV economy, we unlock the true potential of Bitcoin and create a more efficient world. | READ MORE | | | "Bitcoin is the fusion of data and finance, where if you remove that one megabyte limit and have an unbounded block size every ten minutes, now you're able to actually have—from BTC which is about 1200kg of CO2 per transaction which is absolutely ridiculous, to other protocols which use competing proof of work, scalable proof of work like BSV, that is less than 2kg of CO2 per transaction, even today." Bryan Daugherty, Global Public Policy Director for the Bitcoin Association for BSV | | | COINGEEK BACKSTAGE |  | Bitskwela's Jiro Reyes on CoinGeek Backstage: Bitcoin is more than just money | OTHER EVENTS |  | Digital Pilipinas Southeast Asia Tech Week: Search for PH tech unicorn is underway | | | WHAT WE ARE READING | | | | Join our discussion in Telegram CoinGeek.com - Official Chat | | |
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